Nov

21

The worst [Australian investment] funds are revealed: ''Regardless of the overall return metrics, not-for-profit funds have consistently outperformed for-profit funds by around 2 percentage points a year".

Maybe this is a lesson, as Nick Bhuta from Goldman's pointed out: "Macro correlations across major asset classes have been at decade highs (99th percentile) over the past couple of months while trend strength has been at near decade lows."

Not a good time to be paying up for bro and underperformance in for-profit funds, that is if you want to pay up at all.

But the cost of doing business in mean reversion is no doubt greater than set and forget.

Read more here. (Sidney Morning Herald).


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